Daily Update (2/7/19) | Is bitcoin going to double bottom in February?





Neo DevCon 2019
Are you a student? Fill out this form below for a free ticket:
https://neo.org/blog/details/4128
Use the code NEODATADASH for a discounted price!
https://devcon.neo.org/

———————————————————————————————————-
Check out Yellow:
https://www.youtube.com/channel/UC2u2FXKKyIFsNBr_MlpCMfA

Interested in signing up for our newsletter? Click the link below!

Link: https://www.nicholasmerten.com/newsletter-dash-report-1/

Looking to file your crypto taxes? Check out TaxBit!

https://app.taxbit.com/invite/DataDash/

———————————————————————————————————-
What are your thoughts on current markets? Are you optimistic or bearish? Feel free to leave a comment below! Thank you all so much for watching the video. If you enjoyed the video, please consider dropping a like and subscribing. Running into some trouble or questions? Feel free to leave them down in the comments below!

*I WILL NEVER PURSUE PROJECTS THROUGH TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT MY EMAIL LISTED BELOW FIRST AND THEN VERIFY MY IDENTITY THROUGH A VIDEO CALL BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY MY IDENTITY THROUGH VIDEO*

For consulting, speaking, or other business inquiries, please feel free to reach me at contactdatadash@gmail.com

Patreon: http://patreon.com/data_dash

Telegram:

Alerts | https://t.me/Data_Dash
Discussion | https://t.me/datadash

Discord: https://discord.gg/S7MtTcB

Donate
NANO: xrb_3y7qi1z5kcpgi9cnk4bctus155qntiy1cszfmeh9zg7eqqqjb9imebsqf33t
BTC: 14DHXJa9CgeBPf6m7UeMKE9yzAYFKPW2nV
ETH: 0xa34d3461ae04953489e9aa464689c022836751d0

Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of over $100
↓↓↓
https://goo.gl/woCYL6

Want to start trading coins? My top choice is Binance.
↓↓↓
https://goo.gl/DZVYPn

Want to trade OTC? Caleb & Brown is my personal favorite to get started.

https://partners.calebandbrown.com/datadash

Looking to buy physical gold or silver? Check out the link below:

https://goldsilver.com/?aff=DD

Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.

source

50 replies
  1. Nachannachle
    Nachannachle says:

    If The QuadrigaCX CEO is still alive and thriving in India, NO amount of BTC offered as reward for tipping on his whereabouts will ever be enough. The man has millions in BTC: he can pay anyone and everyone in India (aka the real life equivalent of the Dark web) to buy himself a new life (passport, citizenship, bank accounts, family, etc.).

    That said, some of these days, he will surrender himself for the sake of keeping in touch with his parents. It might be years before he does that though. 🙂

    Reply
  2. Jesse Hollar
    Jesse Hollar says:

    To be fair, Cryptopia redesigned their website last year with an incredible user experience, with a sleek and simple interface. They also have a youtube channel where they were being as transparent as they could, and uploaded tutorials on how to use their exchange and more. I'm very careful with exchanges and even though it wasn't very credible, Cryptopia was not in the lowest tier of exchanges. They were/are trying, at least in my opinion. As a Canadian looking for off-ramps to sell BTC into my Canadian bank account, however, I hated QuadrigaCX and never touched it. I'm still not sure on Canadian exchanges, but I'm not looking to sell my BTC for years. Here's hoping Coinbase will enable Sells in Canada eventually.

    Reply
  3. Rinat Valiev
    Rinat Valiev says:

    Everyone is talking about the bottom that reached bitcoin and in the end there is no exact certainty that this is the last bottom! Where is it better to invest money now and where is a clear strategy and movement?

    Reply
  4. Louis Haag
    Louis Haag says:

    An update on Substratum? Can't see anything happening, the roadmap is stuck at "Q2 2018", we're in 2019. You met their team and talked about the project very often always in a very positive way if I remember well

    Reply
  5. R James
    R James says:

    Next 'round' of Litecoin and Bitcoin halvings begins 2019 – continues into 2020 – mining reward is halved leading to less new Litecoin and Bitcoin entering the market leading to upward pressure on price. Last 2015 Litecoin halving signified the beginnings of 2015 – 2017 price surge!"

    Reply
  6. David Montandon
    David Montandon says:

    Bottom is already in Nick. Being “practical” as you like to refer to, is nice and all, but crypto is not often practical or nice. It is also predicable in being unpredictable. Being a contrarian, as you also mentioned, is a wise position to consider. Do general BTC search—overwhelming results negative. Way too many people looking at this fabled “double bottom”, in relation to close proximity to the $3,150 line. Just too many people waiting for this……market doesn’t reward this behavior. Now let’s watch 👀

    Reply
  7. Daniel San
    Daniel San says:

    Hi Nick. Thanks for your videos. What impact do you think the 200 weekly moving average could have on bitcoin? It seems to be offering support and is about to be crossed for the first time since 2015.

    Reply
  8. krixy
    krixy says:

    Hi! I would love to see a video about analyzing the previous bull run. What triggered the bull run, what was in the news around that time? It would be an interesting one.

    Reply
  9. Geisty Bear
    Geisty Bear says:

    I love pretty much all the assets you discuss. But as an ecologist I'm a little turned off by the URA discussion. Would be cool if you spent that energy on renewables.. Not trying to judge, I love your decentralized philosophies, which is why I follow you. ❤️

    Reply
  10. Storm Trooper
    Storm Trooper says:

    Double bottom hell no. Might happen with that dead guy with 150 million in crypto in India that isn’t dead but has the keys. He might be cautious and not be so dumb as to sell them but transfer them around instead

    Reply
  11. Marlon Jones. Bulls On DA Block
    Marlon Jones. Bulls On DA Block says:

    Comment was censored by youtube or Nick…but guys dont buy into the 3rd party custodian…read btc white paper….trust in institutions is a weakness not a strength….be your own bank and hold your own keys are be a future victim….dont be mislead by placing trust in any bank or exchange

    Reply
  12. Work With Nature - How to Grow Food!
    Work With Nature - How to Grow Food! says:

    Normally in a court of law entrusted parties that charge you fees are liable for losses made due to their negligence. They should be insured for one and have better security. But even at that they own responsibility. It is their risk if they want to be in business. To fob it off on their customers is not right.

    Reply
  13. Aviram Iancovici
    Aviram Iancovici says:

    Demand on silver is going up for sure.
    a death scam? oh boy. – I agree with your last video – institutions should integrate a 3/5/7 majority key protocol. we have the technology. well, I guess it's exchange evolution – only the updated and secure will last. cheers man! great vid

    Reply
  14. haplon
    haplon says:

    Thanks Nick. As a random aside, Suntrust is one of the scummiest banks in America, which really really really is saying something. They give BoA a run on their money for being rated as the most hated bank by their own customer base.

    Reply
  15. Marlon Jones. Bulls On DA Block
    Marlon Jones. Bulls On DA Block says:

    And for those of you that dont like to read as my comment below is long….NEVER leave your crypto assets on an exchange if you arent actively trading them. Store ALL cryptos you are not trading on a wallet where you control the keys. Follow my advice and you will be far less susceptible to exchange hacks….and TRUST no man or institution!!!

    Reply
  16. Marlon Jones. Bulls On DA Block
    Marlon Jones. Bulls On DA Block says:

    Disagree Nick….btc was developed so that you dont have to trust 3rd parties. Satoshi says as such in the btc white paper…"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties ti transact directly with each other WITHOUT the need for a trusted third party"…Satoshi Nakamoto. While exchanges are needed currently to trade crypto…advocating that the crypto community use exchanges and banks to hold funds is against the ethos of crypto so eloquently stated by Satoshi. The point he is making is that yes you need to be your own bank…this is what needed. Furthermore, I surmise that he felt this way because when one man or entity is given stewardship over vast wealth the nature of any human is such that even the most virtuous amongst us is susceptible to becoming corrupted…."absolute power corrupts absolutely". So while I feel sorry to those that lost their money in this most recent exchange hack, they must learn and embrace the ethos of crypto and that is to be the master of your own wealth. You will never be the master of your crypto as long as a 3rd party is holding your keys. While learning is painful for many, that should not be excused or a pass given to those who do not take the necessary steps of personally securing their crypto assets. It is my belief that the pain of financial loss supersedes the pain of learning, and it is through the financial losses that occur from these hacks that the herd will be forced to take responsibility for their crypto assets and hold their own keys

    Reply
  17. Tim Ulrey
    Tim Ulrey says:

    BTC price: maybe bounce off of this 200W MA (3300), back up to our descending triangle range (3700 ish), and then either roll over late march / early April OR bounce 1-2 more times of the rising 200W MA and essentially be "squeezed" between that MA and the falling 200D MA, in which I'd say we break that squeeze around late May / early June. Volume says that ain't bottom, not even close. We're about to see consecutive death crosses on higher time frames… it could get super, super ugly. My best guess is we have a triangle similar to our recent $6K range which bounces 3-4 times on low vol and then matures into a squeeze situation between the 200W MA and 200D MA and break around June 1st. To where / how low, who the heck knows. I'm going to attempt bottom fishing around 1900, 1500, and 1375 although 2200-2450 really could hold us even with super heavy volume.

    Reply
  18. Nikolai
    Nikolai says:

    Where do you leverage trade silver? Are you just doing SLV on a broker that allows leverage? I’m only on robinhood atm so curious to learn what else is out there and what has worked for others.

    Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *